RBA - The Reserve Bank of Australia


Consumer sentiment falls amid rate rise speculation

5:00AM | Thursday, 19 May 2011 |  Consumer sentiment fell by 1.3% in May to 103.9 points, according to the Westpac-Melbourne Institute of Consumer Sentiment, making it the lowest level of the index since June 2010.

RBA minutes hint at rate rise

5:16PM | Tuesday, 17 May 2011 |  The Reserve Bank has signaled its intentions to raise interest rates if current economic conditions “continue to evolve as expected”, but economists say such a move will hurt consumers.

Rate rise uncertain as unemployment remains at 4.9%

5:04PM | Thursday, 12 May 2011 |  New figures reveal the unemployment rate remained at 4.9% in April but the economy lost more than 22,000 jobs, blurring predictions of the next interest rate rise.

Rates remain on hold but inflationary risks loom

5:00AM | Wednesday, 4 May 2011 |  The official interest rate has remained at 4.75% for the fifth consecutive month, but economists say the Reserve Bank may soon send rates higher in a bid to curb inflation.

THE NEWS WRAP: Microsoft records 31% leap in profits during the March quarter

4:15AM | Friday, 29 April 2011 |  Software giant Microsoft enjoyed a 31% leap in profits during the March quarter, with net income rising to $5.23 billion.

SMEs face cash squeeze as strict lending returns

4:20PM | Thursday, 21 April 2011 |  SMEs are experiencing a finance crisis due to the scarcity of lenders and a return to strict lending criteria, according to the Mortgage & Finance Association of Australia.

Late 2011 rate hike predicted as RBA holds steady

4:00AM | Wednesday, 6 April 2011 |  Economists have predicted an interest rate hike for later this year following the Reserve Bank’s decision to freeze the cash rate at 4.75% for the fifth consecutive month.

Rates set to stay on hold as job market brightens

4:00AM | Tuesday, 5 April 2011 |  Analysts predict interest rates will be frozen by the Reserve Bank today, following new figures showing the number of jobs advertised in March rose for the eleventh consecutive month.

Business borrowing posts post-GFC high

4:57AM | Friday, 1 April 2011 |  New data reveals business lending by local banks grew 0.6% in February, representing the strongest rise in business borrowing since the global financial crisis.

Consumers ultra-conservative despite growth

3:32PM | Tuesday, 15 March 2011 |  Consumers have continued their caution in spending and borrowing, despite strong growth in national income, according to the Reserve Bank of Australia.